Press

Only independence can unite young Scots

13 June 2022
The Times
If England votes for Brexit, this policy, which latest Centre for European Reform figures show has cost the UK economy £31 billion so far, shall be visited on the four constituent parts of the UK, even if it damages business and, in the case of Northern Ireland, threatens a hard-won peace.

Cabinet minister in ‘complete denial’ over Brexit harm to Britain’s economy which experts put at £31billion

13 June 2022
Yahoo News
An analysis by the Centre for European Reform puts the GDP blow to the UK economy from quitting the EU at £31 billion.The leading think-thank estimated the figure by creating a doppelganger model of Britain’s economy to compare how it would have performed if it had remained in the European trading bloc.

Is Brexit working? Four key tests

12 June 2022
The Observer
The Centre for European Reform estimates that the UK has seen a growth shortfall relative to economically comparable countries of more than 5% over the period, although it recognises that not all of this is down to Brexit. 

'Boris out of ideas and now fighting old battles - we're stuck until he's gone'

12 June 2022
The Mirror
Johnson’s £31billion Brexit damage to the UK economy – the respected Centre for European Reform calculated a 5.2% growth hit – combined with polls finding most people wish we had stayed in the EU expose the protocol push as a naked attempt to appease his party’s Right-whingers.

Change record! ITV fury at Brexit claim 'clear damage' from EU exit 'hard to ignore'

12 June 2022
The Express
While Joel Hills, the ITV's Business and Economics Editor, did acknowledge the “greater political freedoms” of Brexit, including being able to “enact immigration reforms and a speedy vaccine rollout”, he went on to argue the “economic benefits are far harder to identify”.
He argued this point in an online article on the basis of research by the Centre for European Reform (CER), which found that by the end of last year the UK’s economy was 5.2 percent, or £31billion, smaller than it would have been had it stayed in the EU.

Brexit is ‘largely to blame’ for UK’s £31bn revenue loss

11 June 2022
The Independent (Ireland)
Brexit is “largely to blame” for billions being lost in Britain’s trade and tax revenues in recent years, according to a new study .The Centre for European Reform (CER) said that by the end of last year, Britain’s economy was 5.2PC – or £31bn (€36bn) – smaller than it would have been without Brexit and the Covid pandemic.“We can’t blame Brexit for all of the 5.2pc GDP shortfall… but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CER study.

What is the true cost of Brexit?

11 June 2022
The National Wales
“The results are sobering,” says John Springford, the author of the report that removes all doubt that it is more Brexit rather than the pandemic that is bringing Britain to its knees.The report by the Centre for European Reform think-tank unveils findings that show leaving the free trade market will have a bigger impact on the UK economy in the long term than Covid-19.

Brexit ‘largely to blame’ for £31bn loss to UK economy, study finds

10 June 2022
The Independent
Brexit is “largely to blame” for billions being lost in trade and tax revenues in recent years, according to a new study by top economists.The Centre for European Reform (CER) said that by the end of last year, Britain’s economy was 5.2 per cent – or £31bn – smaller than it would have been without Brexit and the Covid pandemic.“We can’t blame Brexit for all of the 5.2 per cent GDP shortfall …. but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CER study.

Alt-Brexit

10 June 2022
Financial Times
The Centre for European Reform calculates that compared with a doppelgänger model where the UK had not left the EU, the country’s GDP is 5.2 per cent lower in the post-Brexit, post-Covid reality. 

SNP accuse Rishi Sunak of failing to listen to experts as £11 billion is wasted

10 June 2022
The National
It comes as research from the Centre for European Reform (CER) showed that by the end of last year the UK’s economy was 5% smaller than it would have been had we still been members of the European Union. CER’s figures showed that this amounted to around £31 billion.

LBC: The economic impact of Brexit

10 June 2022
John Springford discussed the economic impact of Brexit on the UK with Martin Stanford. Short of re-joining the single market or the EU as a whole, John said the UK needs to invest in boosting productivity, improve transport infrastructure & streamline trade policy as much as possible.

Brexit and Covid ‘leave UK trailing behind rivals’

10 June 2022
The Times
Brexit and the pandemic have reduced the size of the UK economy by 5.2 per cent compared with its peers, according to research that largely blames Britain’s exit from the European Union for stunted growth.Analysis from the Centre for European Reform think-tank found that Brexit was the main driver of weakening growth, falling goods exports and chronically low business investment.Using a model comparing the UK with similar countries to provide a shadow economy as a point of reference, the analysis concluded that Britain’s GDP was £31 billion, or 5.2 per cent, lower than its “doppelganger” at the end of last year.

Brexit cost UK economy billions in lost trade and investment

10 June 2022
Yahoo News
Brexit and the coronavirus pandemic are said to have reduced the UK economy by billions of pounds as growth slowed, according to analysis from the Centre for European Reform (CER).The think-tank concluded that gross domestic product shrank by £31bn, or 5.2%, compared with the UK's economic peers by the end of last year.

ITV News: Brexit cost the UK billions in lost trade and tax revenues, research finds

09 June 2022
Brexit has cost the UK economy billions of pounds in lost trade and tax revenues, according to research shared with ITV News by John Springford at the CER.

Brexit cost the UK billions in lost trade and tax revenues, research finds

09 June 2022
ITV News
The Centre for European Reform (CER) has modelled the economic performance of a UK that remained in the EU - using data from countries like the US, Germany, New Zealand, Norway and Australia - whose performance was similar to ours before Brexit.It then compared this with the real performance of the UK economy since the referendum six years ago.

Europe sees Boris Johnson as a showman buffoon, but they’re still glued to the soap opera

08 June 2022
iNews
“There may be a misplaced hope that if he leaves, his replacement will make things easier with Brussels,” says Camino Mortera-Martinez, the head of the Brussels office at the Centre for European Reform. “Some think things cannot be worse, but they could. Johnson’s handling of Brexit has been amoral. But for all his misadventures, we should be careful what we wish for.”

Centre for European Reform questions if a CBDC will work

08 June 2022
Ledger Insights
The Centre for European Reform (CER) asks why central banks are pursuing central bank digital currencies (CBDC) in a recent post. The CER is a pro-European think tank that aims to make the European Union (EU) work better. “The EU should not be distracted by the prospect of a digital euro – which may sound impressive and exciting, but may give Europeans few benefits they cannot enjoy already,” states the post written by CER Senior Research Fellow Zach Meyers.

CENTRAL BANK DIGITAL MONEY RISKS BEING AN ‘EXPENSIVE FAILURE’

08 June 2022
Politico
“Central-bank-issued digital currencies run the risk of turning into a costly waste of time, according to the Center for European Reform. Europe — one of the most advanced economies considering the initiative — should instead use regulation to make payments cheaper and more competitive, the London-based think-tank said Tuesday in a report.

Central bank digital money risks being an ‘expensive failure’

07 June 2022
Bloomberg
Central-bank-issued digital currencies run the risk of turning into a costly waste of time, according to the Centre for European Reform.Europe --one of the most advanced economies considering the initiative - should instead use regulation to make payments cheaper and more competitive, the London-based think-tank said Tuesday in a report. It warned that the cost benefits and privacy incentives of a so-called CBDC are unlikely to be sufficient to entice consumers to use it.

EU officials say common charger will help consumers and environment

07 June 2022
Euronews
Zach Meyers, a senior research fellow at the Centre for European Reform, said that the speed of the agreement reflected EU lawmakers' increased "willingness to act quickly in setting digital policy, even when introducing requirements that have little global precedent."